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New Deal


Announced

LS Power to acquire Panda Hummel Station from Panda Power Funds.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Friendly

Private Equity

Private

Pending

power generation

Conventional Electricity

United States

Acquisition

Synopsis

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LS Power, an investment company, agreed to acquire Panda Hummel Station, a clean natural gas fueled, 1,124-megawatt combined-cycle generating facility, from Panda Power Funds. Financial terms were not disclosed. The transaction is expected to close in the third quarter of 2020, pending receipt of necessary regulatory approvals and third-party consents.

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